1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake). 1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction.

What does 1 to 5 odds mean? 1-5 Betting Odds means that out of 6 potential outcomes, the 1/5 odds are that there will be 1 of one kind of outcome and 5 of another kind of outcome. The 1-5 odds calculation means for every 6 betting events your selection should win 5 times and on 1 occasion the selection will not win.

Are 3/1 Odds Good? 3/1 odds are great because for every £1 winning bet you will return £3 profit. The 3-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 3/1.

7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome. The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.

Multiplying the fractional odds by your wager shows what profit you would collect. For example, 3/1 odds mean you profit three times the amount you wagered. A $1 bet at 3/1 would pay out $4 in total, or a $3 profit and your $1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered.

When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9.

The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. Odds are displayed in one of two formats. Fractional: These are more traditional and widely used and are displayed as 4/1.

What Does It Mean When Odds Are Negative? Negative numbers (in American money line odds) are reserved for the favorite on the betting line and indicate how much you need to stake to win $100—you generally need to put down more to win $100 on the favorite.

Probability can be expressed as 9/30 = 3/10 = 30% - the number of favorable outcomes over the number of total possible outcomes. A simple formula for calculating odds from probability is O = P / (1 - P). A formula for calculating probability from odds is P = O / (O + 1).

In order to calculate your potential payout you simply multiply your stakes (the amount of money you wagered) by the odds. For example, if you bet $100 on the Pistons beating the Knicks at 2.25 odds, your total potential payout would be $225 ($100 x 2.25).

6-4 Betting Odds means that out of 10 possible outcomes, the 6/4 odds are that there will be 6 of one kind of outcome and 4 of another kind of outcome. The 6-4 odds calculation means for every 10 betting events your selection should win 4 times and on 6 occasions the selection will not win.

9-4 Betting Odds means that out of 13 possible outcomes, the 9/4 odds are that there will be 9 of one kind of outcome and 4 of another kind of outcome. The 9-4 odds calculation means for every 13 betting events your selection should win 4 times and on 9 occasions the selection will not win.

8-5 Betting Odds means that out of 13 possible outcomes, the 8/5 odds are that there will be 8 of one kind of outcome and 5 of another kind of outcome. The 8-5 odds calculation means for every 13 betting events your selection should win 5 times and on 8 occasions the selection will not win.

8-1 Betting Odds means that out of 9 possible outcomes, the 8/1 odds are that there will be 8 of one kind of outcome and 1 of another kind of outcome. The 8-1 odds calculation means for every 9 betting events your selection should win 1 time and on 8 occasions the selection will not win.

What 20-to-1 means: When you see 20-to-1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20-to-1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.

Odds of 3-5 indicate that your profit will be three-fifths of a dollar. In other words, for every $5 you bet you can win $3 in profit. To determine profit, multiply the amount you bet by the fraction. If I spend $15, then my profit for winning is $9 (15 x 3/5). Ex.

What does 7 to 5 odds mean? 7-5 Betting Odds means that out of 12 potential outcomes, the 7/5 odds are that there will be 7 of one kind of outcome and 5 of another kind of outcome. The 7-5 odds calculation means for every 12 betting events your selection should win 5 times and on 7 occasions the selection will not win.

Are 2/1 Odds Good? 2/1 odds are great because for every £1 winning bet you will return £2 profit. The 2-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 2/1.